please make these following:

$1.$ journal entries for each of the transactions described below

$2.$Prepare the T$-$accounts for each relevant financial statement account $($hint: remember to include beginning balances$)$

$3.$Prepare an adjusted trial balance as of January $31,2025.$

$5.$Prepare the Income Statement, Balance Sheet and Statement of Retained Earnings for the month of January, ending January $31,2025.$

$4.$Prepare closing entries.

$5.$Prepare a post$-$closing trial balance as of January $31,2025.$

During the month of January, $2025,$ HI Palms had the following transactions occur:

$1.$ HI Palms issued $1,200$ additional shares of stock for a total of $$11\mathrm{.}75$ per share. The shares have a $$1\mathrm{.}00$ per share par value

$2.$ During the month, the company had $$28,000$ in revenue from products it provided to customers. All sales were on account. The amount HI Palms paid its suppliers for these products was $$9,250.$ In addition, HI Palms had revenue from services it provided to customers in the amount of $$1,800,$ on account. Customers had paid a total of $$4,500$ for these transactions by the end of January. In addition, customers paid $$26,000$ of the balance owed as of January $1$st $($from previous months transactions$)$ during the month of January. The company uses the perpetual inventory method.

$3.$The company pays its employees on the $1$st and $15$th days of the month. Since January $1$ st is a holiday, the company paid its employees on December $31$st for amounts earned during the last half of December. HI Palms paid $$7,000$ to its employees on January $15$ th for work performed during the month of January. Of this amount, $$850$ had been earned during the last few days of December $($See the trial balance$).$ As of the end of the month, the company owes its employees an additional $$8,300$ for work performed during the month of January.

$4.$The company purchased $$600$ worth of supplies during the month of January on account. As of the end of the month they had $$350$ of supplies remaining. They also paid $$6,500$ on the

$5.$The prepaid insurance balance listed in the trial balance is for a $6-$month policy that was purchased on December $1,2024$ for $$1,300.$

$6.$HI Palms incurred $$450$ in utility costs $($electricity$,$ natural gas, internet and telephone$)$ for the month of January. So far, the company has paid $$250$ of that amount with the remaining amount due in February.

$7.$ The company paid $$3,600$ in rent on January $1$st for an office space it rents. The payment covers rent for January $-$ March.

$8.$ The company depreciates its existing PP&E using the straight$-$line method of depreciation. The equipment is estimated to have a $$2,000$ salvage value and a $12-$year useful life. The Buildings have a $$16,000$ salvage value with a $30-$year useful life. The company records depreciation each month in preparation for preparing its financial statements.

$9.$ On January $3rd,$ the company purchased inventory costing $$6,000$ on account. They also paid $$200$ in shipping costs in cash to get the inventory shipped to them. The company uses the perpetual inventory method.

$10.$On January $12$ th$,$ they returned $$900$ worth of the goods purchased in the previous transaction. No additional shipping costs were incurred.

$11.$A customer returned goods that were sold to them for $$900.$ The goods cost HI Palms $$300$ to purchase from their supplier. The customer had not yet paid for these goods.

$12.$The terms of the Long Term Note Payable are as follows: $6\%$ annual interest rate, interest payments payable monthly on the first day of the month for the previous month, full amount of principal due on November $30,2025.$

$13.$One of HI Palms' customers owes the company $$600.$ That customer contacted HI Palms to notify the company via a bankruptcy court that they are going bankrupt and will not be able to pay the $$600.$ The company uses the allowance method for recording these uncollectible accounts receivables.

$14.$The Unearned Revenue account reflects money HI Palms received in December from a customer who paid in advance for services. HI performed $85\%$ of the required services during January for this customer.

$15.$The company declared and paid dividends to shareholders in the amount of $3,500.$

$16.$ On january $1$st the company purchased an addtional piece of equipment for $14,000$ using $9$ monts note payable. the note payable carries a $7\%$ annual interest rate, with all interest and principle due a the end of $9$ months. the equipment is expected to hace a $3$ year useful months. the equipment is expected to hace a $3$ years use lfe and salvagae valye $$1000.$ the company will use the units of output method for the depreciating this new piece of equipment. the compny expect this peice of equipment to produce $100000$ total units$/$ during the month og january, the compnay used the equipment to produce a total of $250$ units. Depreciation should be calculated monthly.